Faith Sommerfield Family Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $1.5m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3023559
Organization Overview
Faith Sommerfield Family Foundation Inc is located in Greenwich, CT. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Sommerfield Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Faith Sommerfield Family Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $583.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTING ONLINE CONFERENCES AND SYMPOSIUMS REGARDING END OF LIFE CHOICES AND PROVIDING PUBLIC EDUCATION TO LAY PERSONS AS WELL AS INTERESTED ACADEMICS, LEGAL AND HEALTHCARE PROFESSIONALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Smith President | 4 | $0 | |
Shanna Nicole Nuttall Vice- President/treasurer | 4 | $0 | |
David Hoffman Vice-President/secty | 4 | $0 | |
Sarah Kiskadden-Bechtel Program Director | 40 | $101,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,577 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,519 |
| Capital Gain Net Income | $25,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $993,910 |
| Total Revenue | $1,147,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,700 |
| Other employee salaries and wages | $198,294 |
| Pension plans, employee benefits | $15,752 |
| Interest | $0 |
| Taxes | $26,423 |
| Depreciation | $57,911 |
| Occupancy | $51,251 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,702 |
| Total operating and administrative expenses | $578,828 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $583,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,086,564 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,563,114 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,085 |
| Total liabilities | $4,085 |
Grants Awarded
Over the last fiscal year, Faith Sommerfield Family Foundation Inc has awarded $10,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CLINICIANS ACADEMY ON MEDICAL AID IN DYING PURPOSE: GENERAL SUPPORT | $500 |
THE GLEANINGS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |